Corundum Group Inc. Reduces Holdings in Linde PLC $LIN

Corundum Group Inc. trimmed its stake in shares of Linde PLC (NASDAQ:LIN) by 33.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 15,863 shares of the basic materials company’s stock after selling 7,859 shares during the quarter. Linde accounts for approximately 2.6% of Corundum Group Inc.’s portfolio, making the stock its 11th largest position. Corundum Group Inc.’s holdings in Linde were worth $7,864,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LIN. Darwin Wealth Management LLC bought a new stake in Linde in the second quarter valued at approximately $25,000. Triumph Capital Management grew its holdings in shares of Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Linde in the third quarter worth approximately $29,000. Saranac Partners Ltd purchased a new position in shares of Linde in the third quarter worth $29,000. Finally, Strengthening Families & Communities LLC increased its stake in shares of Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after buying an additional 39 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on LIN. Seaport Research Partners increased their price target on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Citigroup started coverage on shares of Linde in a research note on Wednesday. They set an “overweight” rating for the company. BMO Capital Markets reiterated an “outperform” rating and set a $560.00 target price on shares of Linde in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their target price on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average target price of $543.27.

Linde Price Performance

Shares of Linde stock opened at $515.73 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $238.45 billion, a PE ratio of 34.25, a P/E/G ratio of 3.22 and a beta of 0.72. The business has a 50 day moving average of $507.07 and a 200 day moving average of $478.03. Linde PLC has a 52 week low of $387.78 and a 52 week high of $525.87.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, equities research analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $1.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio is 42.50%.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.